General
DBN Seeks More Women Entrepreneurs to Cut Unemployment in Nigeria
With Nigeria’s 43.3 percent unemployment rate, the Development Bank of Nigeria (DBN) has urged Nigerian women to further sharpen their entrepreneurial skills in order to reduce the rate of unemployment and poverty in the country.
According to the National Bureau of Statistics (NBS), women constitute over 50 percent of Nigeria’s population. While a recent report by the World Bank said Nigeria’s population has been increasing exponentially, with an estimated figure of 300 million by the year 2050.
Speaking at the 3rd edition of the Women In Leadership and Career Empowerment Programme (WILCEP) Africa, Managing Director of Development Bank of Nigeria (DBN), Mr Tony Okpanachi, represented by the Business Development and Relationship Manager, Maryesther Ezeadi, emphasised that with Nigeria’s rapid population growth and the current rate of unemployment, over 90 million Nigerians will be unemployed by 2050.
“Nigeria women should see the numerous challenges in the country as opportunities to become entrepreneurs by providing solutions. According to the latest SMEDAN survey, there are 41 million MSMEs in Nigeria. If each of these businesses employs four people, it would totally wipe out unemployment in Nigeria. Our population as at the last count was put at 198.5 million by World Bank. So, it is the most simplistic way of showing the power of entrepreneurship in generating employment,” he said.
Women were also advised to persevere during challenging times in business, as the challenges faced in business provide an experience which should serve as a guide to subsequently help sustain the business. While building their business, women were also counseled to prioritize their health and wellbeing.
Commendably, statistics have shown that women benefited immensely from the DBN loan. At the end of 2018, women entrepreneurs accounted for 73% of the end-borrowers.
General
Lagos Free Zone, CEVA to Enhance Integrated Logistics in West Africa
By Modupe Gbadeyanka
A strategic joint venture agreement has been signed between the Lagos Free Zone (LFZ) and CEVA Logistics. The deal will advance integrated logistics solutions in Nigeria and West Africa.
Under the agreement, a warehouse will be put in place within Lagos Free Zone, home to Nigeria’s Lekki Deep Sea Port. This facility positions importers to seamlessly access West African markets, particularly multinational manufacturers serving the region.
Importers leveraging the free zone warehouse facilities at Lekki Port will benefit from duty-free exports to the Economic Community of West African States (ECOWAS) markets, creating a streamlined and cost-effective logistics solution.
Because the logistics journey to this region requires a deep understanding of trade lanes, local port operations, and customs procedures, CEVA Logistics stands the chance to use its experience to deliver quality service to customers.
The JV will enable businesses to focus on their core operations while ensuring a seamless journey for goods from global origins to West African destinations.
According to the Vice President of Air and Ocean Product at CEVA IMEA, Jean-Baptiste Rambaud, the partnership will mark a new phase of enhanced logistics solutions, leading to a seamless journey for global trade in West Africa, a region with its dynamic and youthful population that represents a key growth market for global manufacturers, especially in the FMCG sector.
“Our targeted investments in Nigeria reflect our commitment to providing uninterrupted logistics services to our global clients exporting to West Africa, including ECOWAS.
“This free zone warehouse is the final piece in creating a seamless logistics journey for goods and products from around the world to West Africa,” Rambaud stated.
Also commenting, the chief executive of LFZ, Ms Adesuwa Ladoja, said, “By integrating Lekki Port, reliable industrial infrastructure, and efficient logistics solutions, we are building a logistics hub for West Africa. Collaborating with CEVA, a global leader in logistics, strengthens our ability to deliver on this vision.”
It was learned that the JV has been approved by the Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria, with CEVA Logistics to hold a majority stake in the newly established entity.
General
Court Affirms FCCPC Authority to Investigate Consumer Complaints
By Adedapo Adesanya
The Federal High Court in Abuja has affirmed the powers of the Federal Competition and Consumer Protection Commission (FCCPC) to receive complaints, assess matters brought before it, and take appropriate lawful steps, including investigation where necessary.
In a judgment delivered on Monday by Justice James Omotosho, he dismissed the suit filed by Air Peace Limited challenging the commission’s authority to investigate consumer complaints and issue summons in the exercise of its statutory mandate.
Justice Omotosho affirmed the organisation’s powers under the Federal Competition and Consumer Protection Act, 2018 (FCCPA) to receive complaints, assess matters brought before it, and take appropriate lawful steps, including investigation where necessary.
Welcoming the decision, the chief executive of the FCCPC, Mr Tunji Bello, said the judgment provided useful clarity on the importance of regulatory oversight in protecting consumers and promoting fair market practices.
He noted that the matter arose from complaints relating to unrefunded ticket fares, cancelled flights, and other service concerns affecting passengers.
Mr Bello reiterated that consumers, who pay for services, were entitled to fair treatment, transparency, and redress in accordance with applicable law.
He further described investigation as an administrative process intended to establish facts and determine whether further action is warranted. It does not amount to a finding of liability or wrongdoing.
According to him, the commission is committed to engaging all market participants in a fair, professional, and transparent manner, while ensuring due process at every stage of its proceedings.
He encouraged businesses operating in Nigeria to cooperate with lawful regulatory processes and to maintain effective complaint resolution systems that address consumer issues promptly and fairly.
The FCCPC will continue to act within its statutory mandate to protect consumers, promote competitive markets, and strengthen confidence in essential service sectors, including aviation.
The Federal Competition and Consumer Protection Commission is Nigeria’s primary competition and consumer protection authority established under the Federal Competition and Consumer Protection Act, 2018.
General
2025 Coup Scare: FG Files Charges Against Suspects
By Adedapo Adesanya
The federal government has filed a 13-count charge before the Federal High Court, Abuja, against alleged plotters of a coup against President Bola Tinubu.
Among the suspects are a retired major general, a retired naval captain, a serving police inspector, and three others.
Recall that in January, the Nigerian armed forces confirmed that some of its personnel actually attempted to overthrow the government of President Tinubu in October 2025.
This followed speculations that the October 1 parade last year was abruptly cancelled due to an alleged attempt to remove Mr Tinubu from office by some members of the Armed Forces of Nigeria (AFN), with 16 persons arrested over the issue.
At the time, the Defence Headquarters said investigations had “identified a number of officers with allegations of plotting to overthrow the government” and would be “formally arraigned before an appropriate military judicial panel to face trial.”
“The comprehensive investigation process, conducted in accordance with established military procedures, has carefully examined all circumstances surrounding the conduct of the affected personnel. The findings have identified a number of officers with allegations of plotting to overthrow the government, which is inconsistent with the ethics, values and professional standards required of members of the AFN.
“Accordingly, those with cases to answer will be formally arraigned before an appropriate military judicial panel to face trial in accordance with the Armed Forces Act and other applicable service regulations. This ensures accountability while upholding the principles of fairness and due process.
“The AFN reiterates that measures being taken are purely disciplinary and part of ongoing institutional mechanisms to preserve order, discipline and operational effectiveness within the ranks. The Armed Forces remain resolute in maintaining the highest standards of professionalism, loyalty and respect for constitutional authority,” the statement read in parts.
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